RedVector RV-11452

Construction Project Management: Project Financial Management

Construction Project Management: Project Financial Management

1 hr. Online Course

Level: Intermediate

Item#: RV-11452

SME: S. Sears

Average Rating

4 34
Did you know the project manager bears the overall responsibility for financial management of the work on a construction project? This includes carrying out such fiscal duties as may be imposed by the construction contract and implementing appropriate monetary procedures according to the dictates of good business practice. Project financial management can involve a broad range of responsibilities. This interactive online course covers project cost breakdowns, the forecasted schedule of progress payments, preparation or approval of periodic pay estimates, and documentation required for final payment. You will also learn how to monitor project cash requirements during the contract period and maintain complete and detailed daily records of the project.
Course Objectives
By the end of this course, you will be able to:
  • List the broad financial responsibilities of the project manager
  • Describe the variety of ways in which progress payments are made, depending upon the specific type of contract
  • Explain the importance of cash flow to the contractor and how the project manager can impact project cash flow
  • Recognize the importance of properly managing the change processes
SUBJECT MATTER EXPERT: S. Sears
S. KEOKI SEARS is a Project Manager and owner of Project Catalyst Corporation, based in Durango, Colorado.
 
GLENN A. SEARS is an active consultant in construction technology and management.
 
RICHARD H. CLOUGH was Dean of the College of Engineering, University of New Mexico.
 
JERALD L. ROUNDS is professor emeritus of Construction Management and Construction Engineering at the University of New Mexico.
 
ROBERT O. SEGNER, JR. is professor of Construction Science in the College of Architecture at Texas A&M University.
State Licenses
AK - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
AL - Engineer (General)
AL - Landscape Architect (General - Approved LA CES-2021)
AR - Engineer (General)
DC - Engineer (General - CE21800018)
DE - Engineer (General)
FL - Contractor, Certified (Business Practice - 0613158)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Palm Beach County (Business Practice - 0613158)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Pinellas County (Business Practice - 0613158)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Registered (Business Practice - 0613158)
Accreditation: FL DBPR Approved Provider 0001771
GA - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
GA - Contractor, Residential and General (General)
GA - Engineer (General)
GA - Landscape Architect (General - Approved LA CES-2021)
IA - Engineer (General)
ID - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
ID - Engineer (General)
IL - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
IL - Engineer, Professional (General)
IL - Engineer, Structural (General)
IN - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
IN - Engineer (General - Board Approved - CE21800018)
IN - Landscape Architect (General - Approved LA CES-2021)
KS - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
KS - Landscape Architect (General - Approved LA CES-2021)
KY - Engineer (General)
LA - Engineer (General)
LA - Landscape Architect (General - Approved LA CES-2021)
MD - Engineer (General)
MD - Landscape Architect (Category B - Approved LA CES-2021)
ME - Engineer (General)
MI - Contractor, Residential Builder and M & A (General)
MI - Engineer (General)
MN - Engineer (General)
MO - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
MO - Engineer (General)
MO - Landscape Architect (General - Approved LA CES-2021)
MS - Engineer (General)
MT - Engineer (General)
NC - Engineer (General)
ND - Engineer (General)
NE - Landscape Architect (General - Approved LA CES-2021)
NH - Engineer (General)
NH - Landscape Architect (General - Approved LA CES-2021)
NJ - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
NJ - Engineer (General - 24GP000006300)
NM - Engineer (General)
NM - Landscape Architect (General - Approved LA CES-2021)
NV - Engineer (General)
NY - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
OH - Engineer (General)
OH - Landscape Architect (General - Approved LA CES-2021)
OK - Engineer (General)
OR - Contractor, Commercial (General)
OR - Engineer (General)
OR - Landscape Architect (General - Approved LA CES-2021)
PA - Landscape Architect (General - Approved LA CES-2021)
PR - Engineer (General)
RI - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
SC - Engineer (General)
SD - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
SD - Engineer (General)
SD - Landscape Architect (General - Approved LA CES-2021)
TN - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
TN - Engineer (General)
TN - Landscape Architect (General - Approved LA CES-2021)
TX - Engineer (General)
UT - Engineer (General)
VA - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
VA - Engineer (General)
VA - Landscape Architect (General - Approved LA CES-2021)
VT - Engineer (General)
WA - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
WA - Landscape Architect (General - Approved LA CES-2021)
WI - Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
WI - Engineer (General)
WV - Engineer (General)
WV - Landscape Architect (General (max 6 hrs online) - Approved LA CES-2021)
WY - Engineer (General)
Professional Organizations
American Academy of Environmental Engineers - AAEES - Member (General)
American Hospital Association - AHA - Certified Healthcare Facility Manager (CHFM) (General)
American Institute of Architects - AIA - Architects (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
American Institute of Constructors - AIC - Professional Constructor (General)
American Society of Civil Engineers - ASCE - Academy of Coastal, Ocean, Port & Navigation Engineers (ACOPNE) (General)
American Society of Civil Engineers - ASCE - Academy of Geo-Professionals (AGP) (General)
American Society of Civil Engineers - ASCE - American Academy of Water Resources Engineer (AAWRE) (General)
American Society of Landscape Architects (LA CES) - ASLA - Member (General - Approved LA CES-2021)
Canada - Alberta Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
Canada - Alberta Engineer (General)
Canada - British Columbia Architect (AIBC) (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
Canada - British Columbia Engineer (General)
Canada - Manitoba Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
Canada - Manitoba Engineer (General)
Canada - New Brunswick Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
Canada - New Brunswick Engineer (General)
Canada - Newfoundland and Labrador Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
Canada - Newfoundland and Labrador Engineer (General)
Canada - Northwest Territories and Nunavut Engineer (General)
Canada - Northwest Territory Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Engineer (General)
Canada - Ontario Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
Canada - Ontario Engineer (General)
Canada - Quebec Architect (General - AIA Reg RV2408-2022)
Accreditation: AIA Registered Provider J315
Canada - Quebec Engineer (General)
Canada - Saskatchewan Engineer (General)
Canada - Yukon Engineer (General)
Construction Management Association of America - CCM - Certified Construction Manager (General)
Engineers Ireland - IEI - Member (General)
International Facility Management Association - IFMA - Certified Facility Manager (CFM) (General)
National Institute for Certification in Engineering Technologies - NICET (General)
Project Management Institute (PMI) - Project Management Professional (PMP, PgMP, PfMP, PBA) (Technical - 1510-RV-11452)
Course Reviews (34)
lots of good information
By (Building Inspector, Professional Organization) on Aug, 19, 2019
lots of good information
Very good overview of the cost types during a project
By (Architect) on May, 12, 2020
Very good overview of the cost types during a project
Very good course
By (Engineer) on Apr, 18, 2020
Very good course. It appears that the interim question regarding the statement about a how a cost plus contract is evaluated is false, but that answer was deemed incorrect. May also note that on many current contracts items such as permits, P&P bonds and mobilization may be separate line items.
Very interesting and informational
By on Mar, 25, 2020
Very interesting and informational
Wonderful job of presenting the information
By (Contractor / Trades) on Mar, 17, 2020
Wonderful job of presenting the information. Also, loved the fact that it was an audio class!
very imformative
By (Engineer, Land Surveyor) on Mar, 15, 2020
very imformative
great
By on Feb, 05, 2020
great
Thank you very much for giving change to improve myself
By on Jan, 16, 2020
Thank you very much for giving change to improve myself
N/A
By (Engineer) on Jan, 02, 2020
N/A
Good review of project financial management
By (Engineer) on Dec, 29, 2019
Good review of project financial management. Good review on contracts and cash flow analysis.
check points should be increased
By (Engineer) on Feb, 08, 2020
check points should be increased
it's easy to follow
By on Dec, 11, 2019
it's easy to follow
great course
By (Engineer) on Oct, 25, 2019
great course
this is a great course
By (Engineer) on Sep, 25, 2019
this is a great course. I have learned a lot. the instructor was cute. well done!
Excellent presentation
By (Engineer, Professional Organization) on Jan, 20, 2020
Excellent presentation
Informative, well presented class
By (Architect) on May, 14, 2020
Informative, well presented class.
Generally good information
By on May, 14, 2020
Generally good information. Some unnecessary repetitive information and one of the checkpoints has the wrong answer selected...
Mostly complied with the real world construction project management
By (Contractor / Trades) on Feb, 21, 2020
Mostly complied with the real world construction project management.
good examples given, period testing of sections covered is a good idea
By (Engineer) on Mar, 11, 2020
good examples given, period testing of sections covered is a good idea.
a good brief understanding of project management
By (Contractor / Trades, Home Inspector) on Apr, 30, 2020
a good brief understanding of project management
N/A
By on Sep, 06, 2019
N/A
Felt it was a good summary of financial concerns on a project
By (Engineer) on Sep, 07, 2019
Felt it was a good summary of financial concerns on a project.
infotmational
By (Contractor / Trades) on Apr, 03, 2020
infotmational
Decent overview of different types of contracts and the cash flow associated
By (Engineer) on Apr, 03, 2020
Decent overview of different types of contracts and the cash flow associated.
Good course
By (Professional Organization) on Aug, 27, 2019
Good course.
slide 13 echo over another slide
By on Dec, 18, 2019
slide 13 echo over another slide
A bit too long
By (Professional Organization) on Mar, 23, 2020
A bit too long...but good overall structure
Could not open the course
By (Engineer, Professional Organization) on Feb, 20, 2020
Could not open the course. Had to read it
komg lecture
By (Engineer) on Oct, 16, 2019
komg lecture
good
By on Mar, 31, 2020
good
The first checkpoint was actually graded incorrectly
By (Contractor / Trades) on May, 22, 2020
The first checkpoint was actually graded incorrectly. It was backwards The final review points (pages 26 and 27) should have been presented in the begining as well as at the end. The narrator was pretty good.
Videos do not work properly
By on Apr, 14, 2020
Videos do not work properly
Too long for the credit
By (Contractor / Trades, Engineer) on Dec, 23, 2019
Too long for the credit
Had technical difficulties with CBT
By (Engineer, Professional Organization) on Sep, 29, 2019
Had technical difficulties with CBT.